ANNETTE COUNTY Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances-Governmental Funds to the Statement of Activities For the Year Ended June 30, 2017 Net change in fund balances-governmental funds $ (289,200) Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures. 2,155,000 Transactions involving capital assets resulted in a gain. (563,000) Bond proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the statement of net position. (2,020,000) An increase in accrued liabilities indicates that expenditures recorded in the governmental funds exceed expenses for the current period (24,000) Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds. 364.600 Change in net position of governmental activities (376.600)